Question 41

By selling a T-shirt at 25% discount, Ramu manages to earn a profit of 20%. How much above the cost price did he mark the T-shirt?

Let the cost price be 100, so he sold the t-shirt for 120
But 120 was after 25% discount
So marked price = 120/.75= 160
So he marked the t-shirt 60% above the cost price.

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 200+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free